CFD Markets News and Forecasts — 17-10-2018

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17.10.2018
23:50
Japan: Trade Balance Total, bln, September 140 (forecast -50)
22:34
Commodities. Daily history for October 17’ 2018:


Raw materials

Closing price

% change

Oil

$70.05

-2.60%

Gold

$1,225.50

-0.45%

22:30
Stocks. Daily history for October 17’ 2018:


Index

Change items

Closing price

% change

Nikkei

+291.88

22841.12

+1.29%

TOPIX

+25.96

1713.87

+1.54%

CSI 300

+17.28

3118.25

+0.56%

FTSE 100

-4.80

7054.60

-0.07%

DAX

-61.52

11715.03

-0.52%

CAC 40

-28.10

5144.95

-0.54%

DJIA

-91.74

25706.68

-0.36%

S&P 500

-0.71

2809.21

-0.03%

NASDAQ

-2.79

7642.70

-0.04%

22:28
Currencies. Daily history for October 17’ 2018:


Pare

Closed

% change

EUR/USD

$1,1499

-0,63%

GBP/USD

$1,3102

-0,62%

USD/CHF

Chf0,99448

+0,42%

USD/JPY

Y112,68

+0,35%

EUR/JPY

Y129,57

-0,28%

GBP/JPY

Y147,643

-0,26%

AUD/USD

$0,7108

-0,47%

NZD/USD

$0,6546

-0,57%

USD/CAD

C$1,30211

+0,67%

20:14
Major US stock indexes fell on today's trading

Major US stock indexes finished trading in the red, the day after the strongest rally in seven months. The pressure on the market was caused by the collapse of IBM stocks against the background of the quarterly report, the fall in the base materials sector, as well as disappointing data on the US housing market.

In September, the rate of housing construction in the United States fell more than expected, since construction activities in the South declined for at least three years, probably held back by Hurricane Florence. Bookmarking new homes fell 5.3% to a seasonally adjusted annual rate of 1,201 million units last month, the Ministry of Commerce reported. The data for August were revised to 1.268 million instead of the previously announced 1.282 million units.

Meanwhile, in the minutes of the September Fed meeting, central bankers signaled that the good state of the economy justified a further increase in interest rates and said they would watch for signs that their actions help to maintain stable economic growth.

Oil prices have fallen significantly, which was caused by the strengthening of the dollar and the publication of data on stocks of petroleum products from the US Department of Energy. The US Department of Energy reported that in the week to October 12, commercial oil reserves increased by 6.5 million barrels. The increase in stocks is recorded for the fourth week in a row. Analysts had expected stocks to rise by 1.278 million barrels.

Most of the components of DOW finished trading in positive territory (19 out of 30). The growth leader was The Goldman Sachs Group, Inc. (GS, + 2.79%). Outsiders were the shares of International Business Machines Corporation (IBM, -7.99%).

Most sectors of the S & P recorded a decline. The largest decline was shown by the base materials sector (-1.0%). The financial sector grew the most (+ 0.2%),

At the time of closing:

Dow 25,706.68 -91.74 -0.36%

S&P 500 2,809.21 -0.71 -0.03%

Nasdaq 100 7,642.70 -2.79 -0.04%

19:00
DJIA -0.33% 25,713.85 -84.57 Nasdaq -0.17% 7,632.20 -13.29 S&P -0.05% 2,808.53 -1.39
16:00
European stocks closed: FTSE 100 -4.80 7054.60 -0.07% DAX -61.52 11715.03 -0.52% CAC 40 -28.10 5144.95 -0.54%
14:32
U.S. commercial crude oil inventories increased by 6.5 million barrels from the previous week

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.5 million barrels from the previous week. At 416.4 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of year.

Total motor gasoline inventories decreased by 2.0 million barrels last week and are about 7% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week.

Distillate fuel inventories decreased by 0.8 million barrels last week and are about 3% below the five year average for this time of year. Propane/propylene inventories increased by 2.0 million barrels last week and are about 5% below the five year average for this time of year. Total commercial petroleum inventories increased last week by 3.0 million barrels last week.

14:30
U.S.: Crude Oil Inventories, October 6.49 (forecast 2.167)
14:29
EU Commission to reject Italy budget plan: Spiegel
13:35
U.S. Stocks open: Dow -0.51%, Nasdaq +0.02%, S&P -0.13%
13:26
Before the bell: S&P futures -0.35%, NASDAQ futures -0.47%

U.S. stock-index futures indicated a lower open on Wednesday after yesterday's strong rally. Investors remained cautious ahead of the minutes of Federal Reserve's latest meeting, and continued to assess earnings reports.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

22,841.12

+291.88

+1.29%

Hang Seng

25,462.26

+17.20

+0.07%

Shanghai

2,561.61

+15.29

+0.60%

S&P/ASX

5,939.10

+69.20

+1.18%

FTSE

7,067.41

+8.01

+0.11%

CAC

5,156.79

-16.26

-0.31%

DAX

11,715.21

-61.34

-0.52%

Crude

$71.37


-0.76%

Gold

$1,230.10


-0.07%

12:49
Wall Street. Stocks before the bell

(company / ticker / price / change ($/%) / volume)


3M Co

MMM

201.77

2.83(1.42%)

183

ALCOA INC.

AA

35.61

0.27(0.76%)

700

ALTRIA GROUP INC.

MO

61.68

0.24(0.39%)

100

Amazon.com Inc., NASDAQ

AMZN

1,781.99

21.04(1.19%)

43369

Apple Inc.

AAPL

219.1

1.74(0.80%)

167281

AT&T Inc

T

32.5

0.14(0.43%)

9131

Barrick Gold Corporation, NYSE

ABX

12.65

-0.05(-0.39%)

56252

Boeing Co

BA

361.75

2.87(0.80%)

4238

Chevron Corp

CVX

116.99

0.05(0.04%)

1174

Cisco Systems Inc

CSCO

45.31

0.64(1.43%)

51188

Citigroup Inc., NYSE

C

69.6

0.39(0.56%)

5642

Exxon Mobil Corp

XOM

80.97

0.15(0.19%)

2258

Facebook, Inc.

FB

154.64

1.12(0.73%)

49108

Ford Motor Co.

F

8.85

0.04(0.45%)

47183

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

12.79

-0.04(-0.31%)

10800

General Electric Co

GE

12.2

0.05(0.41%)

169574

General Motors Company, NYSE

GM

32.35

0.23(0.72%)

1350

Goldman Sachs

GS

218.25

3.03(1.41%)

80526

Google Inc.

GOOG

1,099.60

7.35(0.67%)

2493

Hewlett-Packard Co.

HPQ

23.65

0.09(0.38%)

219

Home Depot Inc

HD

192.25

1.08(0.56%)

950

Intel Corp

INTC

44.86

0.33(0.74%)

18517

International Business Machines Co...

IBM

141.57

0.44(0.31%)

5650

International Paper Company

IP

42.53

-0.17(-0.40%)

3015

Johnson & Johnson

JNJ

133.99

0.04(0.03%)

34499

JPMorgan Chase and Co

JPM

107

0.66(0.62%)

16167

McDonald's Corp

MCD

165.02

1.35(0.82%)

1271

Microsoft Corp

MSFT

108.89

1.29(1.20%)

46851

Pfizer Inc

PFE

43.3

0.18(0.42%)

3535

Procter & Gamble Co

PG

80.4

0.27(0.34%)

1696

Starbucks Corporation, NASDAQ

SBUX

56.9

0.15(0.26%)

1638

Tesla Motors, Inc., NASDAQ

TSLA

262.54

2.95(1.14%)

29197

Twitter, Inc., NYSE

TWTR

28.99

0.38(1.33%)

22220

United Technologies Corp

UTX

130.91

0.58(0.45%)

330

UnitedHealth Group Inc

UNH

265.7

5.45(2.09%)

15357

Verizon Communications Inc

VZ

53.72

0.12(0.22%)

295

Visa

V

138.5

1.27(0.93%)

9429

Wal-Mart Stores Inc

WMT

93.86

0.04(0.04%)

96672

Walt Disney Co

DIS

114.02

0.58(0.51%)

7597

Yandex N.V., NASDAQ

YNDX

34.5

1.30(3.92%)

61996

12:41
Canadian manufacturing sales fell 0.4% to $58.6 billion in August

Manufacturing sales fell 0.4% to $58.6 billion in August, following three consecutive monthly increases.

The decline was mainly due to lower motor vehicle sales. Excluding this industry, manufacturing sales rose 0.4% in August.

Sales were down in 7 of 21 industries, representing 50.9% of the Canadian manufacturing sector.

After taking price changes into account, the volume of sales in the manufacturing sector edged down 0.3% in Augu

12:39
U.S building permits and housing starts lower than expected in September

Privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,241,000. This is 0.6 percent below the revised August rate of 1,249,000 and is 1.0 percent below the September 2017 rate of 1,254,000. Single‐family authorizations in September were at a rate of 851,000; this is 2.9 percent above the revised August figure of 827,000. Authorizations of units in buildings with five units or more were at a rate of 351,000 in September.

Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000. This is 5.3 percent below the revised August estimate of 1,268,000, but is 3.7 percent above the September 2017 rate of 1,158,000. Single‐family housing starts in September were at a rate of 871,000; this is 0.9 percent below the revised August figure of 879,000. The September rate for units in buildings with five units or more was 324,000.

12:33
Downgrades before the market open

Home Depot (HD) downgraded to Neutral from Outperform at Credit Suisse

12:30
U.S.: Building Permits, September 1.241 (forecast 1.278)
12:30
U.S.: Housing Starts, September 1.201 (forecast 1.22)
12:30
Canada: Manufacturing Shipments (MoM), August -0.4% (forecast -0.6%)
11:51
Company News: Netflix (NFLX) Q3 earnings beat analysts’ forecast

Netflix (NFLX) reported Q3 FY 2018 earnings of $0.89 per share (versus $0.29 in Q3 FY 2017), beating analysts' consensus estimate of $0.68.

The company's quarterly revenues amounted to $3.999 bln (+34.0% y/y), generally in-line with analysts' consensus estimate of $3.993 bln.

It also reported 6.96 million net subscriber additions for the third quarter versus 5 million guidance.

Netflix issued guidance for Q4, projecting EPS of $0.23 (versus analysts' consensus estimate of $0.49) and revenues of $4.20 bln (versus analysts' consensus estimate of $4.23 bln).

NFLX rose to $385.20 (+11.20%) in pre-market trading.

11:30
Company News: IBM (IBM) Q3 earnings beat analysts’ estimate

IBM (IBM) reported Q3 FY 2018 earnings of $3.42 per share (versus $3.30 in Q3 FY 2017), beating analysts' consensus estimate of $3.40.

The company's quarterly revenues amounted to $18.756 bln (-2.1% y/y), missing analysts' consensus estimate of $19.041 bln.

The company also reaffirmed its FY 2018 EPS guidance of 'at least $13.80' versus analysts' consensus estimate of $13.81.

IBM fell to $138.69 (-4.43%) in pre-market trading.

10:54
EU Official: Many Countries Want No-Deal Brexit Summit In November @LiveSquawk
09:55
Stocks in Asia and Europe advanced after a rally in the U.S. in which the Dow rose more than 500 points. Futures pointed to a small opening gain for U.S. stocks
09:09
The Euro area annual inflation rate was 2.1% in September 2018, up from 2.0% in August

A year earlier, the rate was 1.5%. European Union annual inflation was 2.2% in September 2018, stable compared to August. A year earlier, the rate was 1.8%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Denmark (0.5%), Greece (1.1%) and Ireland (1.2%). The highest annual rates were recorded in Romania (4.7%), Hungary (3.7%) and Bulgaria (3.6%). Compared with August 2018, annual inflation fell in nine Member States, remained stable in four and rose in fourteen. In September 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.90 percentage points, pp), followed by services (+0.57 pp), food, alcohol & tobacco (+0.51 pp) and non-energy industrial goods (+0.08 pp).

09:00
Eurozone: Construction Output, y/y, August 2.5% (forecast 1.7%)
09:00
Eurozone: Harmonized CPI, Y/Y, September 2.1% (forecast 2.1%)
09:00
Eurozone: Harmonized CPI, September 0.5% (forecast 0.5%)
09:00
Eurozone: Harmonized CPI ex EFAT, Y/Y, September 0.9% (forecast 0.9%)
08:50
UK house prices rose by 3.2% y/y

UK house prices rose by 3.2% in the year to August 2018, down from 3.4% in the year to July 2018. Annual growth in house prices has remained broadly stable at a national level since April 2018.

House prices grew fastest in the East Midlands region increasing by 6.5% in the year to August 2018, followed by the West Midlands region which increased by 5.1% over the year. House prices in London fell by 0.2% in the year to August 2018. Annual growth in London house prices has been around zero for the last 6 months.

08:50
The headline rate of UK producer price inflation was 3.1% on the year to September

The headline rate of output inflation for goods leaving the factory gate was 3.1% on the year to September 2018, up from 2.9% in August 2018.

The growth rate of prices for materials and fuels used in the manufacturing process rose to 10.3% on the year to September 2018, up from 9.4% in August 2018.

All product groups provided upward contributions to output and input annual inflation.

Annual inflation remained positive for both input and output indices for the 27th consecutive month; this is the longest period where both indices have displayed positive growth since May 2012.

08:48
UK CPI rose less than expected in September

The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.2% in September 2018, down from 2.4% in August 2018.

The largest downward contribution came from food and non-alcoholic beverages where prices fell between August and September 2018 but rose between the same two months a year ago.

Other large downward contributions came from transport, recreation and culture, and clothing.

Partially offsetting upward contributions came from increases to electricity and gas prices.

The Consumer Prices Index (CPI) 12-month rate was 2.4% in September 2018, down from 2.7% in August 2018.

08:30
United Kingdom: HICP, Y/Y, September 2.4% (forecast 2.6%)
08:30
United Kingdom: HICP ex EFAT, Y/Y, September 1.9% (forecast 2%)
08:30
United Kingdom: HICP, m/m, September 0.1% (forecast 0.2%)
08:30
United Kingdom: Producer Price Index - Output (YoY) , September 3.1% (forecast 2.9%)
08:30
United Kingdom: Producer Price Index - Input (YoY) , September 10.3% (forecast 9.2%)
08:30
United Kingdom: Producer Price Index - Input (MoM), September 1.3% (forecast 1%)
08:30
United Kingdom: Retail prices, Y/Y, September 3.3% (forecast 3.5%)
08:30
United Kingdom: Retail Price Index, m/m, September 0% (forecast 0.2%)
08:30
United Kingdom: Producer Price Index - Output (MoM), September 0.4% (forecast 0.2%)
07:29
FTSE +21.15 7080.55 +0.30% DAX +37.70 11814.25 +0.32% CAC +17.72 5190.77 +0.34%
07:28
Irish Foreign Min Coveney: Ireland Has Absolute Solidarity Across EU Members @LiveSquawk

  • EU's Barnier Has Indicated Clearly That EU Side Is Willing To Allow More Time To Find Solution To Backstop

07:14
Options levels on wednesday, October 17, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1726 (1930)

$1.1703 (2074)

$1.1670 (457)

Price at time of writing this review: $1.1566

Support levels (open interest**, contracts):

$1.1531 (4424)

$1.1499 (3378)

$1.1464 (2867)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 19 is 79789 contracts (according to data from October, 16) with the maximum number of contracts with strike price $1,1600 (4442);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3309 (1012)

$1.3282 (802)

$1.3264 (388)

Price at time of writing this review: $1.3184

Support levels (open interest**, contracts):

$1.3133 (457)

$1.3082 (684)

$1.3018 (1997)


Comments:

- Overall open interest on the CALL options with the expiration date November, 19 is 23330 contracts, with the maximum number of contracts with strike price $1,3500 (3428);

- Overall open interest on the PUT options with the expiration date November, 19 is 27166 contracts, with the maximum number of contracts with strike price $1,3000 (3005);

- The ratio of PUT/CALL was 1.16 versus 1.16 from the previous trading day according to data from October, 16

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

06:48
Futures: DAX 0,0% FTSE +0,0% CAC 40 +0,1%
06:25
The dollar consolidates, the yen weakens as the risk sentiment improves

On Wednesday, the dollar is little changed so far against most major currencies, but rose against the yen, as optimistic earnings on Wall Street improved investor sentiment.

The three major Wall Street indices rose by more than 2%, because blue chips provided high incomes, which indicates that the recovery of the US economy is in full swing, despite the impact of rising interest rates and tensions in world trade.

The data on Tuesday showed that industrial production in the United States increased in September for the fourth month in a row, helped by growth in manufacturing and mining, but growth rates declined sharply in the third quarter.

The dollar index, an indicator of its value against six major currencies, is trading at 95.08 on Wednesday.

The dollar rose 0.13% against the Japanese yen , which was trading at Y112.40 against the dollar. The yen rose seven of eight sessions until Tuesday and reached a monthly high of Y111.61 on Monday.

Buyers expect further signals for the dollar from the minutes of the September meeting of the Federal Reserve System, which will be published later today. Investors are looking for clues about how the interest rate will increase this year.

Interest rate futures indicate a 77% chance that the Federal Reserve will raise interest rates again at the December meeting, according to the CME Group FedWatch Tool analytic report.

The British pound is trading at $ 1.3187 on Wednesday after it rose 0.25% on Tuesday. While growth was supported by stronger than expected data from the UK labor market, investors still doubt that a European Union summit on Wednesday will provide significant progress on the issue of NI border.

06:23
Interest rate futures indicate a 77% chance that the Federal Reserve will raise interest rates again at the December meeting, according to the CME Group FedWatch
06:19
EU Brexit negotiator Michel Barnier open to extending Brexit transition by another year - FT
06:17
Fed's Daly Says Gradual Rate Rises Seem Prudent

"The way I'm approaching it...is very consistent with the way the [rate-setting Federal Open Market Committee] has been approaching it while I haven't been a member or participant, and that is you make a gradual pace of normalization" to help keep the economy moving forward, Ms. Daly said. - via DJ

06:14
The U.S 10-year Treasury note yield was down 0.6 basis points to 3.158%. The two-year note yield was up by 0.6 basis points to 2.867%, while the 30-year bond yield fell 1.2 basis points to 3.330%, according to Dow Jones Market Data
06:14
Trump Complains About Rising Interest Rates, Calling the Fed 'My Biggest Threat'

"It's independent so I don't speak to him, but I'm not happy with what he's doing, because it's going too fast," Mr. Trump said in an interview with the Fox Business Network, referring to Fed Chairman Jerome Powell, whom he nominated last year. "You looked at the last inflation numbers, they're very low."

06:11
Trump: Blaming Saudi Arabia for Khashoggi's Disappearance Another Instance of 'Guilty Until Proven Innocent' - AP Interview

  • 'We Just Went Through That with Justice Kavanaugh and He Was Innocent All the Way'

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